Daytona dropping

[TheWatchmen]

Originally Posted by malba2366

Why does this surprise anyone? The long value of any of these watches is the current MSRP (possibly 20% higher for a Daytona). Anyone who pays 50K or even 40K for a SS Daytona with the idea that it is a sound investment (vs. wanting it to wear and not caring about long term value) is a fool and they deserve what is coming.

Just curious (and I really mean just curious) how you got to “long value” of these watches being current MSRP?

[HogwldFLTR]

I read this thread and there are so many perspectives represented. From the "new doesn't touch the old" to the overhype persepctive to the "if you don't see things like me there's something wrong with you." All these have little to do with the original premise but so it goes. It's sort of a shame that people aren't a bit more respectul of other's opinions all the way around.

[Flint]

Originally Posted by padi56

Well now if they ever produced a Daytona watch like my 6263 with aluminium insert no need for ceramic with the cal 4130 movement then might be interested.


Would not play any of these so called AD games for any watch no matter the brand, and if everyone done likewise then perhaps we could get back to normality. But as Rolex watches today are little more than ££$$€€€ objects now thats doubtful.

Well said

[Mystro]

Originally Posted by HogwldFLTR

I read this thread and here so many perspectives represented. From the "new doesn't touch the old" to the overhype persepctive to the "if you don't see things like me there's something wrong with you." All these have little to do with the original premise but so it goes. It's sort of a shame that people aren't a bit more respectul of other's opinions all the way around.

That has been the toxic invasive behavior TRF has adopted the last year. Clearly new accounts have not read the TRF rules or don’t care about them. New accounts should instantly be on a probation status for the first year so they can get a feel of the tempo and conduct that is acceptable on TRF. Free discussion is great but it absolutely has to be guided and kept in the parameters of a forum of enforced rules and not thunderdome of general social media.

It almost makes me want to be a moderate again.

[Madman37]

Originally Posted by Mystro

That has been the toxic invasive behavior TRF has adopted the last year. Clearly new accounts have not read the TRF rules or don’t care about them. New accounts should instantly be on a probation status for the first year so they can get a feel of the tempo and conduct that is acceptable on TRF.

It almost makes me want to be a moderate again.

i don’t agree with that. That toxic culture was there when i joined and i am a new member. The members who have been here a while are some
of the worst. When you read old threads people are criticising others, sarcy comments etc. It seems it has been like this a long time.

[rosenbergendo]

Green Daytona will be at 70k very soon!

[rolex16]

Originally Posted by Mystro

That has been the toxic invasive behavior TRF has adopted the last year. Clearly new accounts have not read the TRF rules or don’t care about them. New accounts should instantly be on a probation status for the first year so they can get a feel of the tempo and conduct that is acceptable on TRF. Free discussion is great but it absolutely has to be guided and kept in the parameters of a forum of enforced rules and not thunderdome of general social media.

It almost makes me want to be a moderate again.

Everyone’s already on probation status from day 1 and at all times. You can get infraction point or banned at any time.

[VegasBaby]

TRF members, hoping for an economic collapse so that watch prices will come down, are the absolute worst! Can you imagine hoping for bad times simply for that endgame? In most cases, those same people would never buy those watches, if the prices came down, because A) they no longer would be considered “hot”/desirable/ must have items and B) wouldn’t have money left to buy them. Sick people!

[huncho]

Originally Posted by VegasBaby

TRF members, hoping for an economic collapse so that watch prices will come down, are the absolute worst! Can you imagine hoping for bad times simply for that endgame? In most cases, those same people would never buy those watches, if the prices came down, because A) they no longer would be considered “hot”/desirable/ must have items and B) wouldn’t have money left to buy them. Sick people!

yup it's sad to see

[TheWatchmen]

Originally Posted by VegasBaby

TRF members, hoping for an economic collapse so that watch prices will come down, are the absolute worst! Can you imagine hoping for bad times simply for that endgame? In most cases, those same people would never buy those watches, if the prices came down, because A) they no longer would be considered “hot”/desirable/ must have items and B) wouldn’t have money left to buy them. Sick people!

Indeed, it is short-sighted and a vile wish as a collapse would likely be the only thing that would truly make the watch market crash (along with all of the other markets).

To be fair though, aside from the people mentioned above, I think a lot of members just want prices to be reasonable again.

The thing is…and this is just my opinion…if you consider MSRP to be a “reasonable” price, unfortunately I think the “AD cases full of SS sport pieces” ship has sailed for the foreseeable future.

Demand is still very high, for now at least, and that’s all there is to it.

[amh]

Originally Posted by VegasBaby

TRF members, hoping for an economic collapse so that watch prices will come down, are the absolute worst! Can you imagine hoping for bad times simply for that endgame? In most cases, those same people would never buy those watches, if the prices came down, because A) they no longer would be considered “hot”/desirable/ must have items and B) wouldn’t have money left to buy them. Sick people!

Just as annoying are all the TRF members who interpret wanting Rolex prices to head back toward MSRP as wishing for widespread poverty

Good grief. Not everyone has a dozen watches with a couple pieces of each major sports line.

Imagine not even being offered a single watch larger than 28mm for the last 6 years..... yeah that's where we are at.

[Adam84]

Don’t think anyone wants people to be in poverty or a financial crash, I do think people want the watch market to become less profitable or attractive to flippers so we can get back to enjoying watches that we can actually purchase at retail or a sensible price above retail.

If a watch market adjustment means it gets rid of flippers and returns us to sensible levels then I’m all for it, but not at the expense of a wider financial collapse.

[G23Guy]

Originally Posted by VegasBaby

TRF members, hoping for an economic collapse so that watch prices will come down, are the absolute worst! Can you imagine hoping for bad times simply for that endgame? In most cases, those same people would never buy those watches, if the prices came down, because A) they no longer would be considered “hot”/desirable/ must have items and B) wouldn’t have money left to buy them. Sick people!

You can wish all you want, none of us are in control.

I'm ready for flippers to lose their asses and timepieces to come back to reality.

[G23Guy]

Originally Posted by amh

Just as annoying are all the TRF members who interpret wanting Rolex prices to head back toward MSRP as wishing for widespread poverty

Bag holders or Impulse grey buyers.

[Goin2drt]

Originally Posted by amh

Just as annoying are all the TRF members who interpret wanting Rolex prices to head back toward MSRP as wishing for widespread poverty

Good grief. Not everyone has a dozen watches with a couple pieces of each major sports line.

Imagine not even being offered a single watch larger than 28mm for the last 6 years..... yeah that's where we are at.

Well stated. A price collapse on a luxury item does not automatically mean the world is collapsing. People can want Rolex to come back to earth, blow up supply and be able to buy at MSRP again without wishing the world was ending. Jeez. Also all the comments about the negative "new members". Come on people. You don't like some ones opinion or better yet they don't like some ones opinions and now it is the TRF negativity? Huh. As long as people aren't personally attacking someone (which I have yet to see) then who cares if people disagree. Does everyone here have to just answer "I agree" or " looks great" or "congrats" and that is what this has become?

[Adam84]

Originally Posted by Goin2drt

Well stated. A price collapse on a luxury item does not automatically mean the world is collapsing. People can want Rolex to come back to earth, blow up supply and be able to buy at MSRP again without wishing the world was ending. Jeez. Also all the comments about the negative "new members". Come on people. You don't like some ones opinion or better yet they don't like some ones opinions and now it is the TRF negativity? Huh. As long as people aren't personally attacking someone (which I have yet to see) then who cares if people disagree. Does everyone here have to just answer "I agree" or " looks great" or "congrats" and that is what this has become?

Let’s be honest, I suspect a lot of people on this forum have a lot of ‘skin in the game’ in terms of Rolex prices. While no one has been personally attacked, I can see how some may feel like they have. Many people have multiple pieces, whether they’re tucked away for investment purposes or have been bought because they love watches, no one likes to see their assets tank, so I’m not surprised to see so much heated conversation.

I suppose a bit of compassion on both sides to the other side wouldn’t go amiss.

[Goin2drt]

Originally Posted by Adam84

Let’s be honest, I suspect a lot of people on this forum have a lot of ‘skin in the game’ in terms of Rolex prices. While no one has been personally attacked, I can see how some may feel like they have. Many people have multiple pieces, whether they’re tucked away for investment purposes or have been bought because they love watches, no one likes to see their assets tank, so I’m not surprised to see so much heated conversation.

I suppose a bit of compassion on both sides to the other side wouldn’t go amiss.

I "sort of" agree but I am sure those same "skin in the game" folks were sure to brag about their MSRP purchase that is now quadrupled. Maybe "they" should have had some compassion back then when mere mortals couldn't get crap because of the hype. I guess I am of the school, you win big and you lose big (I tend to play right in the middle with small wins and small loses). Take your lumps and don't whine when it doesn't go your way if you are going to celebrate when it does.

But I guess you are right maybe this is a learning lesson the next time the times are great that all can be a little more modest and compassionate for all.

[huncho]

Originally Posted by amh

Just as annoying are all the TRF members who interpret wanting Rolex prices to head back toward MSRP as wishing for widespread poverty

Good grief. Not everyone has a dozen watches with a couple pieces of each major sports line.

Imagine not even being offered a single watch larger than 28mm for the last 6 years..... yeah that's where we are at.

i personally think for that to happen in the near future it would require an economic collapse. it could happen naturally over the next decade, but not now because it's gotten to be such a bubble due to all the excess wealth and imo means that wealth would have to be destroyed. totally different to want rolexes to come back down to msrp vs the countless members saying "i can't wait for rolexes to crash to msrp". wishing for a crash means just that, bubbles don't pop subtly. look at what it took for watches to correct 25-30% this year

[Adam84]

Originally Posted by Goin2drt

I "sort of" agree but I am sure those same "skin in the game" folks were sure to brag about their MSRP purchase that is now quadrupled. Maybe "they" should have had some compassion back then when mere mortals couldn't get crap because of the hype. I guess I am of the school, you win big and you lose big (I tend to play right in the middle with small wins and small loses). Take your lumps and don't whine when it doesn't go your way if you are going to celebrate when it does.

But I guess you are right maybe this is a learning lesson the next time the times are great that all can be a little more modest and compassionate for all.

Oh I don’t disagree….all the multiple incomings from one shopping trip do get a bit when some of us wait years just to get one.

But hey, I don’t get het up about it, fortunately Rolex isn’t the only brand I like….if I can’t get the watch I want, I will just move onto higher horology. At least this waiting game is forcing me to save money. By time my Explorer rocks up I will have Lange money at this rate

[Mystro]

Waiting years for a watch at the AD is great as long as you are genuinely content with that decision and not passive/aggressive for those that pony up gray prices for theirs now. Both camps have to live in harmony on this forum and understand both methods have their advantages and disadvantages.


The Rolex amusement park is filled with those that pay for a “fast pass” and those content to stand in the “stand by” line to get on the top tier rides. Some will even say “the hell with it” and will wait in the car in the parking lot.

[mountainjogger]

Originally Posted by Mystro

Waiting years for a watch at the AD is great as long as you are genuinely content with that decision and not passive/aggressive for those that pony up gray prices for theirs now. Both camps have to live in harmony on this forum and understand both methods have their advantages and disadvantages.

Well said.

[Adam84]

Originally Posted by Mystro

Waiting years for a watch at the AD is great as long as you are genuinely content with that decision and not passive/aggressive for those that pony up gray prices for theirs now. Both camps have to live in harmony on this forum and understand both methods have their advantages and disadvantages.


The Rolex amusement park is filled with those that pay for a “fast pass” and those content to stand in the “stand by” line to get on the top tier rides. Some will even say “the hell with it” and will wait in the car in the parking lot.

True. Tbh no aggression from me to those who want to go grey or spend 5000 bucks on jewellery to jump the queue…it’s their money, can do what they want with it.

The only slight annoyance I have is flippers. Sure if you’re going to enjoy the watch for a year an then sell it then that’s cool, but people walking straight out and selling just to profit? nah that’s not cool to me. But hey, it is what it is.

[amh]

Originally Posted by Adam84

True. Tbh no aggression from me to those who want to go grey or spend 5000 bucks on jewellery to jump the queue…it’s their money, can do what they want with it.

The only slight annoyance I have is flippers. Sure if you’re going to enjoy the watch for a year an then sell it then that’s cool, but people walking straight out and selling just to profit? nah that’s not cool to me. But hey, it is what it is.

I've finally woken up to the fact that spending money at the AD for jewelry may have no effect whatsoever - I don't know if they have a list or if I'm even on it. At least my 5k is directly baked into the Grey price and I know for certain my watch will arrive the next day by 10am.

[macrowatch]

Originally Posted by Danny83

Sent from my iPhone using Tapatalk

If that’s not enough proof, I don’t know what is!

[jarecki]

Originally Posted by Adam84

True. Tbh no aggression from me to those who want to go grey or spend 5000 bucks on jewellery to jump the queue…it’s their money, can do what they want with it.

The only slight annoyance I have is flippers. Sure if you’re going to enjoy the watch for a year an then sell it then that’s cool, but people walking straight out and selling just to profit? nah that’s not cool to me. But hey, it is what it is.

I don’t think that’s fair. In my case I do buy jewelry at my AD for my wife, from time to time, but I would have bought it anyway… If it gets me better treatment, that’s a bonus.

But it’s unreasonable to expect an AD to treat somebody with no history the same as somebody who buys other stuff. That’s just a fact of life…

[Adam84]

Originally Posted by amh

I've finally woken up to the fact that spending money at the AD for jewelry may have no effect whatsoever - I don't know if they have a list or if I'm even on it. At least my 5k is directly baked into the Grey price and I know for certain my watch will arrive the next day by 10am.

Indeed. Tbh if you’re buying things you actually want at an AD to build a relationship then great, at least that way it’s not wasted money, otherwise just go grey.

[Adam84]

Originally Posted by jarecki

I don’t think that’s fair. In my case I do buy jewelry at my AD for my wife, from time to time, but I would have bought it anyway… If it gets me better treatment, that’s a bonus.

But it’s unreasonable to expect an AD to treat somebody with no history the same as somebody who buys other stuff. That’s just a fact of life…

As I said, it’s your money and can do with what you wish. Buying stuff you want because it builds a relationship and also keeps your relationship with your missus on solid footing is a good move but buying crap you don’t want is just a waste

I’ve done it myself, bought parents and other half gifts, jewellery, watches from my AD…..but that’s because it’s stuff I would have bought anyway, so might as well do it as part of building a relationship…I 100% wouldn’t be doing it on the promise that it might get me a watch though.

[mountainjogger]

Originally Posted by garyk

I had to look at it twice before I got it.

Took me three times.

[sudo_root]

Pretty delusional to think watch prices “tanking” to MSRP can ONLY occur if there’s an full on economic meltdown. Actually, it’s incredibly delusional…

They’re just watches people, right now they’re trendy, they won’t stay that way and they’re already showing how weak they are with the rapid drops in values across the board.

The only things propping up their value have been the Chinese consumer (fading even before the lockdowns as their economy is slowing on a whole) and new wealth that enjoyed free liquidity courtesy of the fed (well the money taps closing).

Remove excess cash/free cash and what happens? Suddenly a lot of people look really stupid buying into the hype and marketing that watches are worth more than their msrp’s. A fool and their money…

[huncho]

Originally Posted by sudo_root

The only things propping up their value have been the Chinese consumer (fading even before the lockdowns as their economy is slowing on a whole) and new wealth that enjoyed free liquidity courtesy of the fed (well the money taps closing).

Remove excess cash/free cash and what happens? Suddenly a lot of people look really stupid buying into the hype and marketing that watches are worth more than their msrp’s. A fool and their money…

so...basically an environment where excess money is wiped out by the fed and global market collapse leads to lower demand in rolexes. is that not an economic meltdown like we're experiencing? we are effectively in a recession and tons of wealth has been wiped out in 6 months and prices went down like 30% for now. imagine what it would take to bring it down to msrp within the next year or 2

just to clarify, i personally don't really care if they go down because i bought at or near msrp and didn't sell them this past year because that's not why i bought them. just feel like in order to bring these prices down to a somewhat normal level right now would require some extreme conditions. long term though, very possible that they'll come down for the usual reasons